Filing Flows › National Bank Holdings (NBHC) › Operating margin
National Bank Holdings (NBHC) operating margin by quarter
National Bank Holdings' operating margin was 25.3% in Q2 2026 (second quarter 2026), +4.8 pts from Q1 2026. Over the last 6 quarters it ranged from 19.0% (Q4 2025) to 39.8% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 25.3% | +4.8 pts | -14.5 pts |
| Q1 2026 | 20.5% | +1.5 pts | -8.8 pts |
| Q4 2025 | 19.0% | -20.7 pts | — |
| Q3 2025 | 39.6% | -0.1 pts | — |
| Q2 2025 | 39.8% | +10.5 pts | — |
| Q1 2025 | 29.2% | — | — |
Q2 2026 at a glance
National Bank Holdings, Q2 2026: revenue $129M (+24% year over year), operating margin 25.3%, net earnings $26.5M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
Questions
What is National Bank Holdings' operating margin?
National Bank Holdings' operating margin was 25.3% in Q2 2026 (second quarter 2026), +4.8 pts from Q1 2026.
How has National Bank Holdings' operating margin changed?
Over the last 6 quarters it ranged from 19.0% (Q4 2025) to 39.8% (Q2 2025).
Q2 2026 results → · How National Bank Holdings makes money →